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← GEORGIA HISPANIC CHAMBER OF COMMERCE BUSINESS DEVELOPMENT CENT

Form 990 for tax year 2023

Filed by GEORGIA HISPANIC CHAMBER OF COMMERCE BUSINESS DEVELOPMENT CENT.

Totals

Total revenue
$712,793
Total expenses
$432,805
Contributions and grants received
$712,793
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,103,550
Total liabilities, end of year
$233,040
Net assets or fund balances, end of year
$870,510
Program services expenses (Part IX)
$398,894
Management and general expenses
$31,590
Fundraising expenses
$2,321
Program service expenses (Part III)
$398,894

Program services were 92.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $712,793

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $93,500 · program services $74,800 · management and general $18,700

  • 7 · Other salaries and wages

    total $31,577 · program services $25,262 · management and general $6,315

  • 10 · Payroll taxes

    total $10,462 · program services $8,370 · management and general $2,092

  • 11g · Fees: other

    total $58 · program services $46 · management and general $12

  • 12 · Advertising and promotion

    total $45,812 · program services $45,812

  • 13 · Office expenses

    total $13,109 · program services $10,487 · management and general $2,622

  • 17 · Travel

    total $4,610 · program services $3,227 · management and general $1,383

  • 24a · Other expenses: CONTRACT LABOR

    total $220,756 · program services $220,756

  • 24b · Other expenses: GRANT EXPENSES

    total $6,000 · program services $6,000

  • 24c · Other expenses: SPECIAL EVENT

    total $2,321 · fundraising $2,321

  • 24d · Other expenses: PROGRAM EXPENSES

    total $2,270 · program services $2,270

  • 24e · All other expenses

    total $2,330 · program services $1,864 · management and general $466

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $91,452 · end of year $498,803

  • 4 · Accounts receivable

    beginning of year $657,649 · end of year $565,549

  • 10a · Land, buildings and equipment: cost or other basis

    $39,198

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $39,198 · end of year $39,198

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,757 · end of year $27,547

  • 25 · Other liabilities

    beginning of year $191,020 · end of year $205,493

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $590,522 · end of year $870,510

Mission and programs · 2023

Mission

GHBC DEVELOPED EDUCATIONAL PROGRAMS TO BENEFIT THE HISPANIC ENTREPENEURS IN ADDITION TO BASIC TECHNOLOGY TRAINING IN ACCOUNTING AND COMPUTER SOFTWARE. GHBC ASSISTS CLIENT COMPANIES AS WELL AS START-UP COMPANIES WITH BUSINESS REFERRALS, BUSINESS STRATEGY SESSIONS, LOW COST CONSULTING, NETWORKING EVENTS AND GENERAL SUPPORT. GHBC ALSO PROVIDES PROFESSIONAL OFFICE SPACE AT REDUCED RATES, ADMINISTRATIVE SERVICES, TECHNICAL COUNSELING AND MONTHLY SMALL BUSINESS ADVISORY BOARD REVIEWS.

  • THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO ADVANCE AND ASSIST IN THE FORMATION OF HISPANIC BUSINESS THROUGH EDUCATION AND INCUBATION.

    Expenses $398,894

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Andrea Rivera

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jose Paniagua

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Socorro Rodriguez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Norma Zuniga Cardoza

    VICE PRESIDENT

    Total calculated
    $93,500
    From this org
    $93,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 4 related

  • Sally Wilson

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    30

  • Rich Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    15

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
1 May 2025
IRS schema version
2023v6.0
Source object
202511219349302716

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